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Peek Inside: Sound Credit Union’s Marketing Department
Posted By Editor On February 3, 2012 @ 9:57 am In Marketing Department Profiles | 6 Comments
Assets: $1.03 Billion
Area served: Puget Sound Area, Washington State
Website: www.soundcu.com 
Number of members: 110,000
Number of branches: 21
Members per branch: 5,238
Number of total employees: 210
Ratio of members to employees: 524:1
Top marketing executive: Robyn LaChance, VP/CMO 
Number of employees in marketing department: Seven (3.3% of total workforce)
Number of campaigns run every year: 7-10 major product campaigns
URL for Facebook page: n/a
URL for Twitter account: n/a
URL for YouTube channel: n/a
|Have Now||Don’t Have||Not Yet,
But Plan To
|Formal written marketing plan||X|
|Brand standards manual (for design)||X|
|Brand guidelines book (for staff)||X|
|Matrix mail program||X|
|Social media strategy||X|
|In-branch video merchandising system||X|
|Formal SEO strategy||X|
|Promotional items, giveaways||X|
|Sales collateral, brochures||X|
|Using Now||Don’t Use||Not Yet,
But Plan To
|Ads within online banking||X|
|Paid banner ad placements||X|
|Search engine marketing (e.g., Adwords)||X|
That’s a tough one, but two campaigns come to mind. First, from a sheer results standpoint, we recently introduced a re-purposed home equity product as a no-fee, mortgage refinance option. The target audience was people who had about 15 years or less left on their mortgage, who wanted to take advantage of this current low rate environment but didn’t want to pay closing costs. We received excellent responses from members and non-members alike.
The second was a lighthearted branch relocation campaign. The new location was placed on the corner of two of the busiest streets in our capital city, Martin Way and Lily Road. To draw attention to the new address, the campaign graphically positioned “Martin + Lily” as sweethearts, depicting the names carved into a tree trunk surrounded by a heart. We had terrific feedback from the community, our own employees, and enjoyed many new members/accounts as a result.
We just merged a similar sized credit union into our ours. We are integrating systems in the Spring, and entering a completely new market as a result. Our challenge will be to gain market awareness and retain members from the merging credit union. A few short months before the merger integration we are converting online banking, online bill pay and mobile banking platforms for our legacy members.
Loans, loans, and more loans. And Checking.
N/A – Currently under development.
New members, new accounts, increased portfolio balances, all the usual. We generate reports from our MCIF as well as our core processing system.
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URL to article: http://thefinancialbrand.com/22056/sound-credit-union-marketing-department/
URLs in this post:
 Image: http://www.soundcu.com/
 Robyn LaChance, VP/CMO: http://www.linkedin.com/in/robynl
 Image: http://thefinancialbrand.com/wp-content/uploads/2012/01/sound_credit_union_branch.jpg
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